Google co-founders Larry Page and Sergey Brin step down as leaders of Alphabet
San Francisco - Google co-founders Larry Page and Sergey Brin will step down as CEO and president, respectively, of Alphabet, the internet giant's parent company announced Tuesday.
They stopped making appearances at weekly question-and-answer sessions with employees, and Page didn't attend this summer's Alphabet shareholders meeting even though he was still in the CEO role.
Although the two are taking a step back in running Alphabet, they will still exert enormous influence as board members and shareholders. According to a regulatory filing in April, Page holds nearly 43% of the company's Class B shares and roughly 26% of its voting power.
More recently, however, Alphabet has drawn fire for its dominance in online search, with some critics calling for it to be broken up.
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